Blackrock has launched two ESG high yield bond ETFs with Dutch insurer ASR.

The funds will offer high yield exposure through debt issues to companies with the ‘strongest commitment to ESG’, and screen out any controversial business activities.

The ETFs will track the Bloomberg Barclays MSCI Euro Corporate High Yield SRI and Sustainable BB+ Bond Index, and the Bloomberg Barclays MSCI US Corporate High Yield SRI and Sustainable BB+ Bond Index respectively. The fund has a dollar and euro version with fees at 0.5%.